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Technology Stocks : First Virtual Corporation (FVCX)
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To: TomT who wrote (64)4/3/1999 2:00:00 PM
From: Kaliico  Read Replies (2) of 323
 
FVCX is a recent IPO insider selling is par for the course for most IPO's.

Go check any other stock after their IPO in any industry , BCST YHOO AMZN RNWK NETG TFSM GCTY...ALL insiders, key investors, trusts sell what appear to be large blocks of stock. Why? Because it just makes sense when most of these insiders payed less than $1 a share IMHO.

For that matter check any company list, 95% show mostly selling.

Your post refers to some key players selling their holdings, IMHO with new management shift, this type of selling again is normal (i have seen it many times) with house cleaning. I suspect the players you suggest are out.

Granted, it may not be time to get into FVCX for immediate returns, must look at long term picture. FVCX is very well positioned LT>

TomT, are you short this stock?

I have small LT position.

Regards,

MJY
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